New York, August 12--Kmart Holding Corp. will join the Nasdaq-100 Index and be included in the index tracking stock, Nasdaq said on Wednesday.
The retailer will replace PanAmSat on the index as of the start of trading Aug. 19, Nasdaq said. PanAmSat is being acquired by Kohlberg Kravis Roberts & Co.
Kmart, which emerged from bankruptcy in May 2003, has seen its shares jump as it sells parts of its vast real estate holdings.
